Lifeworks Inc

Analysis

Lifeworks Inc is a registered charity in United States, based in Granger, IN. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifeworks Inc reported income of $177k and spending of $133k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $177k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lifeworks Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within IN. Charities of a similar size with the same main cause include Witan Corp ($177k), West Valley Community Campus ($177k) and Pittsburgh Region Clean Cities Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 2.0% of the total. Other salaries and wages came to $66k. At year end it held assets of $197k against liabilities of $0, net assets of $197k. It reported 2 employees.